Gulf Keystone is to hold a special meeting next month which aims lift current rules that restrict the company to appointing UK-based directors only.
Gulf Keystone, which operates the world class Shaikan field in the Kurdistan Region of Iraq, has received a payment of $15 million (US$12 million net to Gulf Keystone) for crude oil exports.
Gulf Keystone said production from the Shaikan field in the Kurdistan region of Iraq has now surpassed 15 million barrels.
Gulf Keystone has posted strong results as its revenues increased by 61% from $18.7million to $30.1million from the same time last year. The company revealed its losses after tax were also down from $248.2million to $77.7million. Gulf Keystone said it had strong production performance from its Shaikan operations in the Kurdistan Region of Iraq where it acts as operator with a 75% working interest.
Oil company Gulf Keystone has appointed British MP Nadhim Zahawi as its chief strategy officer.
US-operator Gulf Keystone has leveraged record daily production from its Iraqi assets.